US EditionWhat You Need to Know About Austria's Plan to Overhaul Its Pension System
17 Articles
17 Articles
What you need to know about Austria's plan to overhaul its pension system
Austria’s pension system has long relied heavily on state payments, but the government and social partners are now looking to expand company pension schemes to secure retirement incomes for the future. Here’s what you need to know.
The fact that the pension needs to be reformed is undisputed, but a draft law by Labour Minister Bas provokes widespread criticism. Employers warn of high costs, trade unions do not go far enough.
Uniqa CEO Andreas Brandstetter understands the defensive stance when it comes to reforms in pensions. However, one has to talk about the topic on the basis of facts.
Minister of Labour Bas is launching her first legislative package: higher maternal pensions and higher pension increases. Taxpayers are expected to make a contribution to this.
Stable pensions - although more and more baby boomers are becoming recipients from depositors. That is what the Minister of Social Affairs promises. And not only that. But the enthusiasm about the plans is limited.
The pension package of Labour Minister Bärbel Bas does not yet contain all the black-red pension promises, but they are to follow.
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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